This preview shows page 1. Sign up to view the full content.
Unformatted text preview: d. Investments can be reported at cost, lcm, or fair value. a. Resources restricted for time are recognized as contribution revenue (temporarily restricted net asset) when the pledge is r e b. Contributions with a condition require that some event takes place before revenue can be recognized. Contributions with a r e c. Contributed services can be recognized as revenue either when the services create or enhance nonfinancial assets or whe n d. Multiyear pledges are recorded in the temporarily restricted class of net assets in the year that the pledge is made. The initi a...
View Full Document
- Spring '11